Analysts slashed their price targets on Oracle Corp post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7 percent downside), down from $100. Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70 percent of revenue came from the traditional Oracle product categories. BofA analyst Brad Sills lowered the PT to $90 from $105 (17.4 percent upside) and kept a Neutral. Sills also did not buy the company’s cloud outlook and margin expansion story. Wolfe Research analyst Alex Zukin lowered the PT to $83 from $105 (8.3 percent upside) peer multiple contractions and kept a Peer Perform. Zukin noted “strong” fiscal Q3 results with accelerating constant-currency revenue coupled with double-digit sales growth and expanding margins for fiscal 2023. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.